What is Addx?
ADDX operates as a full-service capital markets platform, holding crucial Monetary Authority of Singapore (MAS) licenses that enable the issuance, custody, and secondary trading of digital securities. This comprehensive regulatory approval positions ADDX as a key player in the evolving landscape of digital asset finance, offering a regulated and efficient environment for tokenized securities.
How much funding has Addx raised?
Addx has raised a total of $128M across 2 funding rounds:
Series A
$50M
Other Financing Round
$78M
Series A (2021): $50M with participation from JIC Venture Growth Investments and Development Bank of Japan
Other Financing Round (2022): $78M led by KB Financial Group and Hamilton Lane
Key Investors in Addx
KB Financial Group
KB Financial Group, a leading Korean financial services provider, participated in Addx's funding round. Their involvement suggests a strategic interest in the burgeoning digital securities market and a potential synergy with Addx's capital markets platform.
Hamilton Lane
Hamilton Lane, an established investment firm with a focus on direct and fund of fund investments across various sectors including technology and financial services, has backed Addx. Their participation indicates confidence in Addx's innovative approach to capital markets.
JIC Venture Growth Investments
JIC Venture Growth Investments, a venture capital entity, was part of the Series A financing for Addx, signaling support for the company's early-stage growth and technological advancements in the digital asset space.
What's next for Addx?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated expansion for Addx. This capital infusion is expected to fuel further development of its platform capabilities, enhance its regulatory compliance infrastructure, and broaden its market reach. The company is poised to leverage these resources to solidify its position as a leader in the digital securities market, potentially exploring new asset classes and expanding its global footprint.
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